Proposed regulations for the PRPP Act
On July 25, 2012, the federal government published proposed regulations for the Pooled Registered Pension Plans Act (PRPP).
The regulations set out the licensing conditions for plan administrators, details with respect to the investment options offered, the framework for administration fees, the incentives PRPP administrators may offer employers to obtain a contract, contribution rates and the information that plan administrators must disclose to plan members. The deadline for comments from interested parties is September 11, 2012.
We will cover the regulations in detail once they have been passed.